Accra June 7, GNA - Blue Mont Trading (Ghana) Limited and Strategic African Securities Limited, lead managers for the Initial Public Offer (IPO) of Blue Mont shares, have directed all receiving agents to refund monies to subscribers.

The payment should not be later than June 20, 2005. The directive follows the cancellation of the IPO in view of certain revelations that make the entire process questionable.

A statement issued by SAS urged subscribers to contact the receiving agents through whom they made their application to collect their refund.